Japanese Candlesticks Analysis 21.12.2012 (EUR/USD, USD/JPY)

21.12.2012

1

Analysis for December 21st, 2012

EUR/USD

The H4 chart of the EUR/USD currency pair shows a correction on the ascending trend. The closest Windows are support/resistance levels. Shooting Star pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm the correction.

The H1 chart of the EUR/USD currency pair also shows a correction. Harami pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement.

USD/JPY

The H4 chart of the USD/JPY currency pair shows a correction, which is indicated by Engulfing Bearish pattern. The upward Window is still opened. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement.

The H1 chart of the USD/JPY currency pair also shows a correction, which is indicated by the second Tweezers pattern. The upward Window is still opened. Thrusting Line pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement.

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